Question 1

Efficiency wages create structural unemployment.

Accepted Answer

A) True 
 B)False

Question 2

Table 20-2
2009 Labor Data for Baltivia
 
-Refer to Table 20-2.How many adults were not in Baltivia's labor force in 2009?

Accepted Answer

A)   4,400
B)   6,620
C)   7,400
D)   8,690E) A) and B)
F) C) and D)

Question 3

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,there are more workers willing to work than there are jobs,so some workers are unemployed.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is not correct?

Accepted Answer

A)   Most people who become unemployed will soon find jobs.
B)   In an ideal labor market,wages would adjust to ensure that all workers are always fully employed.
C)   The unemployment rate occasionally falls to zero.
D)   There are always some workers without jobs,even when the overall economy is doing well.E) B) and D)
F) None of the above

Question 5

Which of the following is not a reason economies experience structural unemployment?

Accepted Answer

A)   job search
B)   unions
C)   minimum-wage laws
D)   efficiency wagesE) B) and C)
F) A) and B)

Question 6

Table 20-2
2009 Labor Data for Baltivia
 
-Refer to Table 20-2.How many people were unemployed in Baltivia in 2009?

Accepted Answer

A)   1,400
B)   1,600
C)   2,000
D)   2,780E) A) and B)
F) All of the above

Question 7

A firm may pay efficiency wages in an attempt to

Accepted Answer

A)   reduce incentives to shirk.
B)   reduce turnover.
C)   attract a well-qualified pool of applicants.
D)   All of the above are correct.E) All of the above
F) None of the above

Question 8

Minimum-wage laws are one reason there is always some unemployment in the U.S.economy.

Accepted Answer

A) True 
 B)False

Question 9

Figure 20-1 
-Refer to Figure 20-1.If the government imposes a minimum wage of $8,then how many workers will be employed?

Accepted Answer

A)   3000
B)   4000
C)   5000
D)   7000E) All of the above
F) B) and C)

Question 10

Table 20-1
Labor Data for Aridia
 
-Refer to Table 20-1.The labor-force participation rate of Aridia in 2010 was

Accepted Answer

A)   70%.
B)   77.8%.
C)   80%.
D)   87.5%.E) B) and C)
F) B) and D)

Question 11

According to the theory of efficiency wages,firms operate more efficiently if wages are below the equilibrium level.

Accepted Answer

A) True 
 B)False

Question 12

Table 20-5
2010 Labor Data for Tajnia
 
-Refer to Table 20-5.The labor force of Tajnia in 2010 is 12,250.

Accepted Answer

A) True 
 B)False

Question 13

In the 1990's Ireland made unemployment benefits less generous.This change would likely have

Accepted Answer

A)   reduced structural unemployment and the natural rate of unemployment
B)   reduced structural unemployment but not the natural rate of unemployment
C)   reduced frictional unemployment and the natural rate of unemployment
D)   reduced frictional unemployment but not the natural rate of unemploymentE) None of the above
F) A) and C)

Question 14

Table 20-1
Labor Data for Aridia
 
-Refer to Table 20-1.The labor-force participation rate of Aridia in 2012 was

Accepted Answer

A)   50%.
B)   53.3%.
C)   56.25%.
D)   88.9%.E) A) and B)
F) B) and C)

Question 15

Table 20-3
2010 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 20-3.What is the adult population in Meditor?

Accepted Answer

A)   90 million
B)   160 million
C)   230 million
D)   240 millionE) B) and C)
F) B) and D)

Question 16

Suppose that the adult population is 6 million,the number of employed is 3.8 million,and the labor-force participation rate is 70%.What is the unemployment rate?

Accepted Answer

A)   6.7%
B)   9.5%
C)   10.5%
D)   28%E) B) and C)
F) None of the above

Question 17

Suppose that autoworkers are unionized in one region of the country but not in the other.If the unionized workers abolished their unions,employment

Accepted Answer

A)   and wages of autoworkers in that region would rise.
B)   of automobile workers in that region would rise,but wages of automobile workers in that region would fall.
C)   and wages of autoworkers in that region would fall.
D)   of automobile workers in that region would fall but wages of automobile workers in that region would rise.E) None of the above
F) B) and C)

Question 18

Long-run unemployment arises from a single problem that has a single solution.

Accepted Answer

A) True 
 B)False

Question 19

Suppose some country had an adult population of about 50 million,a labor-force participation rate of 60 percent,and an unemployment rate of 5 percent.How many people were unemployed?

Accepted Answer

A)   1.425 million
B)   1.5 million
C)   2.5 million
D)   5 millionE) C) and D)
F) A) and D)

Question 20

Which of the following is not among the four industries with the largest employment in the United States today?

Accepted Answer

A)   lumber
B)   aircraft
C)   communications
D)   electrical componentsE) A) and B)
F) None of the above

Exam 20: Unemployment

Suppose some country had an adult population of about 50 million,a labor-force participation rate of 60 percent,and an unemployment rate of 5 percent.How many people were unemployed?

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Table 20-1 Labor Data for Aridia -Refer to Table 20-1.The labor-force participation rate of Aridia in 2010 was

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Minimum-wage laws are one reason there is always some unemployment in the U.S.economy.

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Table 20-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 20-3.What is the adult population in Meditor?

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Table 20-2 2009 Labor Data for Baltivia -Refer to Table 20-2.How many people were unemployed in Baltivia in 2009?

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When a minimum-wage law forces the wage to remain above the level that balances supply and demand,there are more workers willing to work than there are jobs,so some workers are unemployed.

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Which of the following is not a reason economies experience structural unemployment?

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Which of the following is not among the four industries with the largest employment in the United States today?

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Which of the following is not correct?

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Suppose that autoworkers are unionized in one region of the country but not in the other.If the unionized workers abolished their unions,employment

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Efficiency wages create structural unemployment.

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Table 20-5 2010 Labor Data for Tajnia -Refer to Table 20-5.The labor force of Tajnia in 2010 is 12,250.

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According to the theory of efficiency wages,firms operate more efficiently if wages are below the equilibrium level.

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Suppose that the adult population is 6 million,the number of employed is 3.8 million,and the labor-force participation rate is 70%.What is the unemployment rate?

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Table 20-2 2009 Labor Data for Baltivia -Refer to Table 20-2.How many adults were not in Baltivia's labor force in 2009?

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Figure 20-1 -Refer to Figure 20-1.If the government imposes a minimum wage of $8,then how many workers will be employed?

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Long-run unemployment arises from a single problem that has a single solution.

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Table 20-1 Labor Data for Aridia -Refer to Table 20-1.The labor-force participation rate of Aridia in 2012 was

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In the 1990's Ireland made unemployment benefits less generous.This change would likely have

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A firm may pay efficiency wages in an attempt to

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